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Synchronizing and Automating AP and AR

Our solutions streamline B2B transactions, reducing data entry and paperwork and eliminating reconciliation. Your company can reduce processing time, increase efficiency, and save money from purchase order through invoicing, approval, posting and payment.

Sparcblock does this by integrating paper, e-mail and EDI transactions, updating your ERP system and automating time-consuming tasks with smart exception handling. A shared ledger synchronizes transactions, making business frictionless. B2B transactions just became more intelligent with Sparcblock.

SPARCBLOCK TECHNOLOGY

SparcHub allows you to communicate with your vendors or customers directly with full privacy in a secure manner, and thanks to the shared ledger you never again need to worry about reconciliation. Transactions are recorded using Hyperledger - the same platform already used by leading companies, including Walmart, Nestle, Kroger, and Unilever.

Sparcblock utilizes leading edge technology including Hyperledger, a business-focused distributed ledger which enabled peer-to-peer transactions, and is supported by companies such as IBM, SAP, and Oracle. Our robust cloud based technology allows you leverage IBM Cloud or AWS and get the benefit of Sparcblock technology without incremental IT infrastructure.

All Sparcblock solutions help our clients move from paper-based processes to more efficient digital processes that are not only better for business, they are better for the environment too. For example our SparcPay solution is the best alternative to paper cheques. Eliminating paper cheques in Canada would save over 100,000 trees per year!